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Certares enters into strategic partnership with Avia Solutions Group
Certares, a US-based investment specialist dedicated to the travel, tourism and hospitality sectors, acquired a stake in Avia Solutions Group (ASG). Certares will provide a EUR 300 million structured equity investment to ASG. The transaction is subject to customary conditions and approvals and is expected to close in Q4 2021. Our pan-Baltic team conducted legal due […]
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Forus Grupp acquired Tulika Takso
We advised Forus Grupp, a real estate maintenance and security services provider, in acquiring Tulika Takso from Tulika Grupp. Tulika Takso is the oldest operating taxi company in Estonia. Increased safety and synergy Urmas Sõõrumaa, the owner of Forus Grupp, says that Forus Grupp is planning to add a safety factor to taxi services. “It’s […]
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Graphic Packaging to acquire AR Packaging
We advised Graphic Packaging International (GPI) in the acquisition of AR Packaging Group from CVC Capital Partners Fund VI. We advised the client in relation to Estonian law aspects of the deal, acting as local counsel through the Stockholm office of DLA Piper. Significant value creation opportunities Graphic Packaging, a leading vertically-integrated provider of sustainable […]
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The Estonian construction industry is moving towards digitalisation
We advised the Estonian Ministry of Economic Affairs and Communications on the digitisation of the construction industry. A step towards a more efficient construction sector The digitalisation of the construction sector makes it possible to make the operation of the construction sector more efficient during the life cycle of the building. Problems hampering the development […]
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Fortum to sell its district heating business in the Baltics
We advised Fortum, a European energy company with activities in more than 40 countries on the sale of its district heating business in the Baltics to Partners Group, a leading global private markets firm, acting behalf of its clients. Biggest M&A transaction in the Baltics in 2021 The transaction, subject to customary closing conditions, is […]